239 Horsedge Street, Oldham, Lancashire, OL1 3DP
- Unconditional Online Sale
- Offers in Excess of : £155,000
- Bedrooms: 4
- Bathrooms: 2
Fully Licensed 4-Bed HMO | £22,140 Annual Income | 14.28% Gross Yield | Prime Oldham Location | Near Hospital, College & Employers | Professional Tenants | Excellent Transport Links | Regeneration Area | Turnkey Investment
Description
This well-presented, fully compliant 4-bedroom, 2-bathroom HMO—including one ensuite—offers a secure, income-generating investment in central Oldham. Fully let to working professionals, the property generates £22,140 in annual rental income, delivering a robust 14.28% gross yield with reliable occupancy and stable returns. Ideally located near the town centre, hospital, college, and key employers, it benefits from strong tenant demand, while excellent transport links via the Metrolink to Manchester and easy access to the M60 and M62 motorways enhance commuter appeal. With £285m of town centre regeneration underway alongside Greater Manchester’s ongoing growth, this property is well-positioned for both strong yields and future capital appreciation, making it an attractive hands-off investment in a high-demand rental market.
Lease Start Date
01/08/1896
Lease Duration
990 years (860 years unexpired)
Income Breakdown (Monthly)
| Room 1: £455.00 |
| Room 2: £490.00 |
| Room 3: £450.00 |
| Room 4: £450.00 |
| Total Monthly Income: £1,845.00 |
| Total Annual Income: £22,140.00 |
Expenditure Breakdown (Monthly):
| Gas: N/A |
| Electric: £350.00 |
| Water: £42.16 |
| Council Tax: £155.00 |
| Broadband: £35.00 |
| Cleaner: £65.00 |
| Management: £246.05 |
| Total Monthly Expenditure: £893.21 |
| Total Annual Expenditure: £10,718.52 |
Investment Performance:
| Net Annual Income: £11,161.44 |
| Gross Yield: 14.12% |
| Net Yield: 7.20% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
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Financing
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